CHESHIRE QUALITY LTD - Accounts

CHESHIRE QUALITY LTD - Accounts

CHESHIRE QUALITY LTD - Company Information

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Registered Number: 11974890
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2022

for

CHESHIRE QUALITY LTD

CHESHIRE QUALITY LTD
Statement of financial position
As at 31 May 2022
 
 		  
£		 2022
£		    
£		 2021
£
Fixed assets 3,578  3,312 
Current assets 39,207  53,751 
Creditors: amount falling due within one year (1,079) (3,165)
Net current assets 38,128  50,586 
Total assets less current liabilities 41,706  53,898 
Creditors: amount falling due after more than one year (49,372) (50,000)
Net assets (7,666) 3,898 
 
Capital and reserves (7,666) 3,898 
 
  1. For the year ended 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
John-Paul Jeffs
Director

Date approved: 25 February 2023
1

CHESHIRE QUALITY LTD
Notes to the accounts
For the year ended 31 May 2022

Statutory Information
CHESHIRE QUALITY LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11974890, registration address 23 King Street, Knutsford, Cheshire, WA16 6DW, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Fixtures and Fittings25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 June 2021 2,403    2,680    5,083 
Additions 431    1,028    1,459 
Disposals -    -    - 
At 31 May 2022 2,834    3,708    6,542 
Depreciation
At 01 June 2021 679    1,092    1,771 
Charge for year 539    654    1,193 
On disposals -    -    - 
At 31 May 2022 1,218    1,746    2,964 
Net book values
Closing balance as at 31 May 2022 1,616    1,962    3,578 
Opening balance as at 01 June 2021 1,724    1,588    3,312 

3.

Average number of employees

Average number of employees during the year was 2  (2021: 2).
2